All posts tagged Maple Group

The announcement today that Nasdaq OMX Group and IntercontinentalExchange have abandoned their $11 billion counterbid for NYSE Euronext could be viewed positively by the London Stock Exchange, whose merger deal with Canada’s TMX Group is under threat by a rival offer. That counter-offer from Maple Group Acquisition Corp, a consortium of Canadian banks and pensions funds–though more attractive financially–appears complex and anti-competitive, analysts said. These are roughly the same reasons why U.S. antitrust authorities threatened to block the approach by Nasdaq OMX and ICE on NYSE. [Read on over the jump]